After London created the low of the day, it met with the weekly order block/target price and is now reversing to start moving up again after taking out the sell side liquidity. I will be looking to long from either the target posted , or a break of that low into the lower 4 hour OB from my previous post (if that happens I expect a very strong reaction from that OB). If price doesn't come all the way down to the London lows, I expect for price to at the very least, meet the 15 minute OB. Target is the first set of buy stops created during the Asian session, then the ultimate target would be to take out the buy side liquidity at the highs of the week long consolidation.
We have jolts job openings at 10am today and forecasted is set to be worse than previous, but data has consistently come out higher than forecast for several months. Expecting positive news which will lead to a possible liquidity grab to my entry point then a bull run. (fingers crossed on this scenario lol)
Hope everyone has a great rest of the week :)
Trade active
⋅
Target one hit for the long, short hedge limit activated and went into 80 pip profit :)
Trade active
⋅
4 hour OB hit during london! beautiful long set up awaits, same concept/entry style as yesterdays long
Comment
⋅
limit missed by a few points.. then flew 200 pips. Every target hit this week :)
@stimichele what's your thoughts on the price now?
ftptrading
⋅
@stimichele are you still in a long? I entered a long at 34992.19. Thoughts?
stimichele
⋅
@ftptrading, if it completely disrespects 34924 id look to get out.im currently looking for a re entry
ftptrading
⋅
@stimichele, got a nice move up so far. What do you think about targeting 35295 as a TP?
stimichele
⋅
@ftptrading that could work, I just dont know if it has the juice to go all the way up there today. tomorrow will be a buy day for sure with the goal of hopefully hitting those buy stops at the top but as of rn i took profit at about 100 pips. during london, I expect it to take out those equal lows then start the run up
ftptrading
⋅
@stimichele, nice! Spot on! Are you in a long now?
stimichele
⋅
@ftptrading, thank you, dow has been very predictable this week luckily. but, it actually missed my limit by a few points during the ECB refinancing news. this is my chart
ftptrading
⋅
@stimichele, Yea I had a limit below the London Low and missed out. Are your original TP's above still valid?
stimichele
⋅
@ftptrading, I think they are, but it just hit a intermediate term OB, so my guess is that it retraces to the OB it just left then possibly continue to the move. it may hit that target by tomorrow.